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China to cut central SOEs to 30-50 in 5 yrs

2010-11-01 14:21:24

China will reduce the number of its centrally-administered State-owned Enterprises (SOEs) from 123 at the end of September to between 80 and 100 by the end of this year and to 30-50 during the 12th Five-Year Plan (2011-15) period, ce.cn reported on Monday.

Report: China may start 3-5% sales tax on coal

2010-11-01 14:00:04

A 3 to 5 percent tax on sales of coal is likely to replace the current tax on output as China expands its resource tax reform program, the Economic Information, a daily run by the official Xinhua News Agency, reported Monday, citing unnamed sources.

End to preferential mortagage rates policy

2010-11-01 13:39:33

Chinese lenders have been told by the banking regulator that they can only offer at most a 15 percent discount to the benchmark interest rates to home loan applicants instead of the previous 30 percent, China Securities Journal reported Monday.

Opinions sought for vehicle tax proposal

2010-10-29 13:27:38

The National People's Congress (NPC), China's top legislature, on Thursday posted a vehicle and vessel use tax law proposal on its website to solicit opinions. Taxes levied on vehicles will be divided into seven grades by displacement, according to the draft.

China's trade surplus to hit $180b this year

2010-10-28 16:49:28

China's trade surplus will exceed $180 billion by the end of this year, said Chen Deming, China's minister of commerce.

Beijing expo to promote time-honored brands

2010-10-28 16:19:29

An exposition will be held in Beijing next month to showcase and promote China's time-honored brands. The expo will serve as a platform for the long-established enterprises to share experiences and establish cooperation as well as bring in new business opportunities.

Depicting time

2010-10-26 18:59:18

Capturing a sense of time in a piece of art is challenged that bedevils many artists. Chen Qi, a professor at the Central Academy of Fine Arts, tries to illustrate what he calls the “sound of time” in his latest solo exhibition Notations of Time , which is on currently on display in Amilie Art Gallery in the 798 Art Zone.

Most group purchase websites fail to get credit certificates

2010-10-26 16:49:20

Only about 20 group purchase websites got credit certificates out of the more than 300 applicants, according to the China International Electronic Commerce Center. The launch of a rating system for group buying business is aimed to regulate this newly-emerged business form and may weed out some the weaker companies now in the field.

Restoring old Kashgar for a safer future

2010-10-26 16:04:41

Dilapidated houses in Kashgar, located in the southwest of the Xinjiang Uygur autonomous region, are undergoing a three billion yuan ($446.1 million) restoration project, a planning official told the China Daily website Oct 24, 2010.

China's 2nd-board market produces new rich

2010-10-26 15:51:28

China's Growth Enterprises Board, which has been called China's Nasdaq-style second board market, has become a production line for the country's new rich, Beijing News reported Tuesday.

Breast cancer patients in China often opt for removal

2010-10-25 17:17:52

China faces a rapidly increasing breast cancer rate, and the breast-saving therapy rate among Chinese women is far lower than in many other countries, Chinese health experts said.

Regular prostate disease screenings urged among men

2010-10-24 18:19:22

Roughly half of the men aged 50 years old and above suffer the benign prostatic hyperplasia (BPH), a prostate disease, in the Chinese mainland, experts said.